According to data from Batdongsan.com.vn, the real estate market in the third quarter of 2025 recorded a clear differentiation between buying and selling channels and leasing. After the second quarter with many macro fluctuations, the level of interest in real estate for sale quickly recovered, in which apartments played a leading role, while townhouses and private houses also began to show signs of improvement. Many areas recorded an increase of interest of 11-22% compared to the beginning of the year.
The level of interest in the two central urban areas in the third quarter showed signs of slowing down. In Hanoi, the number of interest decreased by 22% compared to the same period in 2024, while Ho Chi Minh City was almost flat (+0%) or decreased slightly in the new area (-1%).
The real estate picture in the North in the third quarter of 2025 shows a clear movement trend outside of Hanoi. Hai Phong, Hung Yen, Hoa Binh and Bac Giang became the " focus" when they accounted for 80% of the total interest in the whole region.
Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn, the Vietnamese real estate market is showing strong resilience and adaptation to macro fluctuations, with bright spots in key cities. Hanoi, Ho Chi Minh City, Hai Phong and Da Nang continue to affirm their attraction, recording impressive price growth in the 2021-2025 cycle.
In which, Hanoi leads with an increase of 112%, followed by Hai Phong (+71%), Da Nang (+53%) and Ho Chi Minh City (+42%).
In Hanoi alone, the real estate market in 2025 witnessed signs of interest, selling prices continued to increase but the pace has slowed down. The selling price in 2025 will increase by 13%, slowing down compared to the 39% increase recorded in 2024.
In the third quarter of 2025, apartments will continue to be the focus, increasing prices by +95% compared to the third quarter of 2023, especially in the high-end segment in Tay Ho and Ba Dinh, where prices are commonly 130-210 million VND/m2. This makes 56% of survey respondents rate current apartments as " hard to access".
On the contrary, the mid-range segment (under 55 million VND/m2) recorded an outstanding price increase (+57% to +71% compared to the first quarter of 2024), while maintaining the best rental yield. The trend of shifting supply and demand to Dong Anh, Gia Lam, Long Bien is becoming increasingly clear.
In addition, private houses increased sharply by +63% compared to the first quarter of 2023, thanks to investment safety (43%) and the high psychology of private house real estate ownership among Hanoians (41%). Land also increased by +50%, especially in the sub-central and suburban areas (+95% and +75%). Although prices have increased, due to the nature of investment and speculation, land is sensitive to macro fluctuations, the level of interest has not shown any signs of recovery.
Mr. Dinh Minh Tuan - Southern Regional Director of Batdongsan.com.vn acknowledged: "In the Hanoi market, selling prices continue to increase but demand has cooled down, cash flow is still concentrated in the high-end segment near the center and apartments continue to lead the market".
Regarding market prospects in the fourth quarter, the brokerage survey for the third quarter of 2025 shows that 60% of brokers believe that the market will continue to grow.
Notably, the apartment segment is most highly appreciated for its growth potential in the next 6 months with 36% choice, followed by private houses (29%) and land (24%).
